Software Outsourcing Models

We set up various types Software Outsourcing Model for your project and business needs. You have the option to select one of the following outsourcing pricing models: Fixed Price, Time and Materials, Offshore Development Center(ODC) as well as combine one or more available models to suit the various phases of your project on custom software, web or database design and development. Don't hesitate to have a friendly discussion with our teams if you feel the proposed billing terms don't satisfy your needs.

Each pricing model has its own set of advantages and disadvantages. Let's look at each in more detail.

Fixed Price Model

This model is ideally suited for developing known and well understood solutions with relatively low to medium levels of complexity. This model is well suited for projects that have clear specification documents and sufficient amount of detail so that all risks are identified and all assumptions are explicit.
You need provide a detailed requirement definition to Rainbow, Our Business Analyst studies the requirements and asks for clarifications and ensure that all assumptions, details are made explicit. we quote the project and we commit to fixed-price, fixed deadlines and fixed scope of work.
The primary advantage of the Fixed Price model consists in allowing the customer to determine exactly the project budget in advance. However, in comparison with the Time and Materials model, Fixed Price contracts tend to be less flexible for managing changes and additional features requests. Any requirement changes or new feature requests occurring during the project implementation process will cause a re-negotiation of the delivery schedule and price.

Time and Materials model

Time and Material model is of ideal choice for implementing projects which are longer in duration and where the project specifications evolve as the implementation progresses. Large scale and complex projects are best executed using this approach. Under this model, you pay as per use of the hourly development efforts with a commitment of minimum hours/month/resource, making it the most flexible of the three models.

Process: According to your needs, you can send us tasks daily, weekly or upon completion of the previous tasks.
The customer and our experts agree on a ballpark estimation for the specified task, and the Project Manager assigns the task to the developer and assures it is completed close to the estimate.
We guarantee that your tasks will be processed immediately upon request if you care about a regular work load of the developer resources within your project.
Weekly, monthly, or by task completion, we send you a precise and detailed time spent report by task and by software developer for your approval.

The advantage here is that
Time and Materials model offers you a high degree of flexibility to alter specifications, accommodate unplanned activities rapidly, and adjust project resources based upon your evolving requirements throughout the software development process. we also provides you with the flexibility to switch to the Fixed Price model once the project scope becomes clearly defined and the requirements are firmed up.
The benefit of this model is that it provides a business solution for complex business problems focusing on a solution framework and using diverse skills. Managing complex projects needs expertise in various aspects of project management and a symbiotic and close interaction of various skills and tools. this model is tangible and is dependent on the level of expertise of the service provider you choose.

Offshore Development Center (ODC)

This model is preferred choice among customers, who are looking at long-term gains from offshore outsourcing. A Offshore Development Center, which is an extension of the customer's software engineering facility, where our manages pool of specialized, multi-disciplinary resources to meet the customer's explicit business objectives.
Process: There are different ways on how you can set up an Outsourcing Development Center. You can start from a fixed-price project and evaluate our quality and management capabilities. Or you can start on a time and material basis and rate our performance. You can also cautiously grow a team starting at a minimum of one member.
We highly recommend our customers to focus on setting major objectives and deadlines, while entrusting our operational management. In this way, you achieve the maximum performance of their Outsourcing Development Centers for the lowest in-house management effort and costs.
advantage:
Offshore Development Center is a committed development team with specific expertise on your line of business, systems and processes that is managed by us under its employment rules, thereby releasing your organization from permanent employee related commitments. It is complete flexibility of operations including changes in specifications at any time, since project scope is open and complete process is under your control.
Through setting up an Offshore Development Center and working with a dedicated development team, you can enjoy all the benefits of the offshore outsourcing, including cost-effective resources, flexibility and time-to-market advantages.